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About Preparation of Accounting Statements: VA (18) JD
The document provides instructions for preparing year-end adjustments and financial statements from a trial balance. Key points include: - Land is revalued to £280,000, increasing the revaluation reserve by £30,000. - Buildings depreciation of £8,000 is recorded, reducing the net book value to £232,000. - A vehicle sold for £18,000 resulted in a £2,250 loss on disposal. Depreciation of remaining equipment is £17,850. - Inventory is £92,280. Cost of sales of £465,900 is calculated and recorded. - Bad debts of £2,000 are written off against trade receiv
Detailed Information
| Author: | ['penguinpowerrrr'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 39 |
| Language: | English |
| Format: | |
| Price: | FREE |
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